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Usdchfforecast

USDCHF daily rejection bearish tradeThis resistance line that I drew is largely untested. However, I took this trade based on the overlapping rejection bars. This is another trade that provides a pretty high reward to risk ratio. My stop loss is just 15 pips higher than the upper wicks to account for spreads. While I don't have a clear profit target, I am using the Fibonacci retracment of the 38.2 and 61.8 levels to forecast potential targets. In the meantime, my stop loss will be moved tighter as this pair enters freefall.
Short
by FinancialGamblR
USDCHF still in big correction!(30/07/2018)Hello Traders! Suppose, that correction phase on USDCHF currency pair, is not over. Accurately predict, decline tendency, to the 0.98500, do not exclude prices 0.98000 & 0.97000. Next step the price should find the new bottom, then we'll see the series of retest, at last the creation of balance and after that Strong Uptrend! Subscribe! Join me! «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, trader Igor.
by youngfedor
USD/CHF can make the 2nd wave down. USD/CHF can make the 2nd wave down. Take a look on this daily chart, price bounced from key weekly level 1.0050. Most of the times price moving with waves. There could be a cycle with 2 or 3 waves. How it works, price moving as 1st wave and after, it stops for accumulate position for counting. The same situation was on USD/CHF, as u see on chart price was in the Range last 2 weeks. But it most of the time bounced down from key level 0.9891. For us, the best decision will be open Short near key sell zone 0.9860 - 0.9890 S/L: upper 0.9899 Goal: 0.9725
Long
by Yuriy_Bishko